| GM recalls 38197 cars because of battery control defect that could cause stalling fire |
May 7th, 2013 |
DETROIT - General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire. Vehicles from the 2012 and 2013 model years equipped with GM's eAssist hybrid system are affected. Vehicles built after December 2012 are not part of the recall. GM says some vehicles may ...
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| GM denies bailout funds went to China |
May 7th, 2013 |
General Motors on Monday refuted a columnist's claims that its operations in China benefited from the U.S. taxpayer-funded bailout. "Speculation over the possible loss of GM jobs or technology to China is simple fear mongering, offered without evidence because it doesn't exist," wrote TM vice president for corporate communications Selim Bingol in a letter to the Wall Street ...
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| Walmart back atop Fortune 500 list Exxon Mobil now No. 2 |
May 7th, 2013 |
Retail chain Walmart retook its spot at the top of the Fortune 500 list of the largest U.S. companies, the magazine said Monday. Fortune said Walmart, which had slipped to No. 2 behind Exxon Mobil, was able to "refocus on low prices" and attracted "frugal customers." Revenue at Walmart reached $469.2 billion in 2012, topping Exxon Mobil, which came in at No. 2 with revenues ...
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| 2013 Honda Accord pricing and specifications |
May 7th, 2013 |
will launch in Australia in June with prices starting from $31,490 for the four-cylinder Accord VTi, a $3300 price increase over the outgoing ...
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| Another automotive supplier falls into administration |
May 7th, 2013 |
With the plant still in operation 30 jobs will be sustained at the company, and supplier aiAutomotive has entered into a deal to manage and operate CMI's ...
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| Potential for luxury cars |
May 7th, 2013 |
/enpproperty--> The headline-making slowdown in sales of luxury cars in China has triggered concern among automakers, but given the vast market and expanding middle class, it is too early to predict the boom is at an end. The growth of China's premium car sales slumped to 4 percent year-on-year in the first three months, compared with 17 percent for the light vehicle segment. The ...
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| Potential for luxury cars |
May 7th, 2013 |
/enpproperty--> The headline-making slowdown in sales of luxury cars in China has triggered concern among automakers, but given the vast market and expanding middle class, it is too early to predict the boom is at an end. The growth of China's premium car sales slumped to 4 percent year-on-year in the first three months, compared with 17 percent for the light vehicle segment. The ...
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| Austerity puts Chinas luxury car sales in slow lane |
May 7th, 2013 |
China's clampdown on official waste and extravagance has put the brakes on the country's luxury vehicle market in the first quarter of the year. Sales growth for the luxury vehicle sector, dominated by German brands Audi, BMW and Mercedes-Benz, slowed to 4 per cent, far below the 13 per cent annual growth in the passenger car market, according to the China Association of Automobile ...
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| Japan stocks surge in catch-up rally Toyota soars |
May 7th, 2013 |
HONG KONG (MarketWatch) -- Japanese shares shot up early as markets reopened after a four-day weekend on Tuesday, playing catch-up with the Federal Reserve and European Central Bank monetary-policy decisions, strong U.S. jobs data and a weaker yen level. The Nikkei Stock ...
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| BMW joins massive airbag recall |
May 6th, 2013 |
Washington - BMW AG said Monday it will recall 42,000 2002-2003 3 Series cars over an airbag problem that prompted five other major automakers to recall 3.4 million vehicles.BMW spokesman Dave Buchko said the automaker knew of no improper "deployments or injuries related to this issue in any BMW."The massive recall - blamed on a single faulty part in an air bag built a decade ago in ...
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